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Pakistan struggles to pay Chinese debts amid ballooning external payments

Beijings debts are squeezing Pakistans pinched finances as external payments are set to balloon to USD 14 billion at the end of this financial year and nearly half is owed to Chinese commercial banks, largely for the Belt and Road Initiative (BRI) related projects, a media report said.
Sri Lanka International Monetary Fund Pakistan Senate World Bank Debt Road Initiative State Bank

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